Author John Wilbur Baer Enlightens About the Concepts of Economics

New book takes a look into the American economy and its connection to the international economy.

Annapolis, MD (PRWEB) October 03, 2013

Author John Wilbur Baer noted that many American economists had gained little insight into American capitalism. In his new publication, “Introductory Economics”, he covers most of the concepts and related principles found in most of the introductory economics course textbooks in community college and high schools. It includes materials considered to be important for the average citizen to understand economic concepts and issues.

This book introduces the reader to many of the often unstated but related concepts found in management, accounting, psychology and institutional economics. It reveals the often unstated ideological assumptions regarding many national public policy debates. It helps readers understand how economics is not a true science but a discipline that often makes pronouncements that are ideological and not scientific and that it often borrows concepts from the physical sciences and occasionally, from the social sciences.

“Introductory Economics” may focuses on the American economy, but also takes a look at the Chinese economy, other economies, and some of the Wall Street firms promoting the growth of the Chinese communist economy. This book discusses in detail how prices are made in the competitive markets and are based on marketing strategies, highlighting the fact that market system is not a collection of mysterious “economic forces” but often a result of capitalist firms avoiding price competition and pricing their outputs informally with their competitors.

Enlightening and greatly insightful, “Introductory Economics” aims to educate the readers regarding the field of economics and the ins and outs of the market system.

About the Author
John Wilbur Baer was born in New Castle, Pa. and raised in Belmont, Mass., home of Mit Romney. He graduated from Havard College in 1952 and received a commission in the US Naval Reserve. In 1953, he was assigned to the National Security Agency where he was an intelligence analyst and worked on Chinese Communist Intelligence. He graduated from Columbia Graduate Business School in 1958 with a degree in business administration and marketing. He worked for four years as a traffic analyst for the Milwaukee Railroad in Chicago. He then went to work closely with the National Security Agency. He received a doctorate from the Catholic University of America in 1980.

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